Owens & Minor, Inc. (OMI) Position Boosted by Donald L. Hagan LLC
Donald L. Hagan LLC increased its stake in Owens & Minor, Inc. (NYSE:OMI) by 8.1% during the first quarter, Holdings Channel reports. The firm owned 30,420 shares of the company’s stock after buying an additional 2,288 shares during the period. Owens & Minor makes up about 1.0% of Donald L. Hagan LLC’s holdings, making the stock its 27th largest position. Donald L. Hagan LLC’s holdings in Owens & Minor were worth $1,053,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in OMI. Louisiana State Employees Retirement System raised its position in Owens & Minor by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the company’s stock valued at $533,000 after buying an additional 200 shares during the period. CWM LLC raised its position in Owens & Minor by 15.5% in the first quarter. CWM LLC now owns 709,335 shares of the company’s stock valued at $24,543,000 after buying an additional 95,023 shares during the period. Fox Run Management L.L.C. bought a new position in Owens & Minor during the first quarter valued at approximately $284,000. Prospera Financial Services Inc bought a new position in Owens & Minor during the first quarter valued at approximately $216,000. Finally, Alpha Windward LLC raised its position in Owens & Minor by 0.4% in the first quarter. Alpha Windward LLC now owns 13,800 shares of the company’s stock valued at $477,000 after buying an additional 60 shares during the period. 91.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Owens & Minor, Inc. (NYSE:OMI) traded down 1.97% during trading on Tuesday, hitting $33.30. The company’s stock had a trading volume of 881,009 shares. Owens & Minor, Inc. has a 1-year low of $30.43 and a 1-year high of $41.48. The firm’s 50 day moving average is $34.92 and its 200-day moving average is $34.70. The company has a market capitalization of $2.03 billion, a P/E ratio of 18.92 and a beta of 0.97.
Owens & Minor (NYSE:OMI) last issued its earnings results on Tuesday, February 14th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. Owens & Minor had a return on equity of 13.08% and a net margin of 1.16%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the firm posted $0.56 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. Analysts forecast that Owens & Minor, Inc. will post $1.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were given a $0.2575 dividend. This is a positive change from Owens & Minor’s previous quarterly dividend of $0.23. This represents a $1.03 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Monday, March 13th. Owens & Minor’s dividend payout ratio is presently 55.74%.
Several equities analysts recently commented on the company. Jefferies Group LLC set a $36.00 price target on Owens & Minor and gave the stock a “hold” rating in a research report on Thursday, March 16th. Zacks Investment Research lowered Owens & Minor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 4th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock has a consensus rating of “Sell” and a consensus price target of $33.33.
In other Owens & Minor news, SVP Charles C. Colpo sold 8,802 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $36.04, for a total value of $317,224.08. Following the transaction, the senior vice president now directly owns 38,705 shares of the company’s stock, valued at approximately $1,394,928.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Craig R. Smith sold 20,000 shares of the company’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $35.81, for a total value of $716,200.00. Following the completion of the transaction, the director now directly owns 49,732 shares in the company, valued at $1,780,902.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,202 shares of company stock worth $1,047,424. Insiders own 1.72% of the company’s stock.
Owens & Minor Company Profile
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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